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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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The identity of the managers presented in this document may change during the life of the product.

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Investment objective

The Sub-Fund follows a clearly defined strategy for the placement of assets based on controlling the portfolio's risk from annual volatility. Purchase and sale decisions are based upon directional quantitative systems over the medium term. The investment of assets is adjusted to the prevailing market conditions and has the objective of not exceeding a mean annual volatility of 10%. This objective does not constitute a guarantee of any sort that the mean annual volatility will never exceed 10%.

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Commentary 31/01/2018

January 2018 saw equity indices continuing to climb on macroeconomic fundamentals considered positive: employment, industrial and manufacturing activity have remained solid and inflation is showing signs of improvement. As a result, central banks have maintained a positive outlook with a clear course for investors. The ECB has hinted that it will factor the better economic growth outlook into its approach and probably into the scale of the asset buy-back programme, which is expected to close by Q3 2018. In Japan, on top of a 5% cut to the BoJ's bond repurchasing programme, its governor, Haruhiko Kuroda, told the international summit in Davos that inflation is approaching the 2% threshold. The resurrection of the old government shut-down saga in the United States provided an opportunity for equity markets to catch their breath at the month end in the wake of an exceptional start to this year. On the bond front, the sharp rise in interest rates, particularly in the United States due to the fall in government bond purchasing, led to a negative performance in the sovereign debt sector. During the month, QuAM 10's asset class allocation remained relatively stable. Nevertheless, within the equity compartment, the methodology took advantage of the historic rise in US equities to modestly reduce its US exposure, redirecting investment into Europe and Japan. The fund's methodology has also focused on the energy sector. At the bond level very little has changed, the sensitivity to rising sovereign rates has been reduced, by divesting from government and long-term bonds, in favour of emerging and convertible bonds that offer better compensation to investors.

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Change in NAV

You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates

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Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Performance B-CHF

Cumulative

Annualised

Since 01/01/2018

-0.89 %

–

-0.89 %

–

1 Year

4.84 %

–

4.81 %

–

3 Year

-3.24 %

–

-1.09 %

–

5 year

3.61 %

–

0.71 %

–

Since inception

32.75 %

–

1.92 %

–

Since 01/01/2018

1 Year

3 Year

5 year

Since inception

Cumulative

Share class (B-CHF)

Benchmark

-0.89 %

–

4.84 %

–

-3.24 %

–

3.61 %

–

32.75 %

–

Annualised

Share class (B-CHF)

Benchmark

–

4.81 %

–

-1.09 %

–

0.71 %

–

1.92 %

–

*Rolling periods

Annual performance

Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Statistics

Volatility

Max. drawdown

Share class B-CHF

Benchmark

Share class B-CHF

Benchmark

1 Year*

5.67 %

–

-2.50 %

–

3 Year *

4.97 %

–

-15.17 %

–

Max. monthly gain Since inception

3.68 %

Max. monthly loss Since inception

-5.47 %

Share class B-CHF

Benchmark

1 Year*

3 Year *

1 Year*

3 Year *

Volatility

5.67 %

4.97 %

–

–

Tracking Error

–

–

–

–

Max. monthly loss

-5.47 %

–

Max. monthly gain

3.68 %

–

Max. drawdown

-2.50 %

-15.17 %

–

–

Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Fund information

Inception Date (Fund)

07/11/2002

Inception Date (Part)

14/04/2003

Legal form

SICAV

Benchmark

Currency (fund)

EUR

Currency (share class)

CHF

Distribution Policy

Distribution

Valuation frequency

Daily

Minimum initial investment

1 Share

PEA eligible

ISIN Code

LU1005540460

AuM (fund)

473 M (EUR)

Regulatory authority

CSSF

EU Regulation

UCITS

Management company

Edmond de Rothschild Asset Management (Luxembourg)

Delegated Management Company

Edmond de Rothschild Asset Management (Suisse) S.A

Incorporation

Luxembourg

Representative agent

Paying agent

Maximum management fee

1,250 %

Current management fee

1.250 %

Subscription and redemption conditions

Every day before 4.00 pm at the day’s NAV, calculated one day later

Subscription fee

2.00 % max

Redemption fee

0.50 % max

Performance fee

15,000 %

Fund documentation

(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.